Suppose That in the Short Run, the Firm Which Has

question 19

Multiple Choice

Suppose that in the short run, the firm which has production function F(L, M) =4L^1/2M^1/2 must use 9 machines.If the cost of labor is $5 per unit and the cost of machines is $5 per unit, the short-run total cost of producing 108 units of output is

• A)$900
• B)$540
• C)$540.
• D)$450

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Definitions:

Guidance

The process of directing, influencing, or providing advice to others in their decisions or actions.

Catharsis

The process of releasing and thereby providing relief from strong or repressed emotions.

Altruism

The selfless concern for the well-being of others, often leading to acts of kindness without expectation of reward.

Black Friday

An annual event in the United States and increasingly worldwide, known as a major shopping day with significant discounts, following Thanksgiving Day.